Why Monetary Easing Won’t Help Japan
Japan’s new leader, Shinzo Abe, will take the helm of a country in recession, with business confidence near three-month lows and the highest debt-to-GDP ratio in the OECD.
Have the World’s Wealthy Stashed $21 Trillion in Tax Havens?
An organization opposed to tax avoidance estimates the world’s wealthiest individuals have stashed at least $21 trillion in offshore tax havens, an amount greater than the combined GDP of the U.S. and Japan.
Pain in Spain May Bring No Economic Gain: News Analysis
Bill Gross put Spain's failed bond auction in perspective: “Greece was a zit, Portugal is a boil, Spain is a tumor. You can’t fix a debt crisis with austerity and more debt.”
Tim Guinness: China, Energy and Really Good Beer—Weekend Interview
“China is the best-run country in the world," the Guinness Atkinson Funds CIO says.
U.K. Wealth Tax Brought Less Revenue Than Before Tax Hike
Advocates for lower taxes are sure to take the recent poor revenue results in the U.K., which last year raised its top rate on high income earners from 40% to 50%, as a demonstration of the ineffectiveness of a tax-the-rich policy.
White House’s Corporate Tax Reform Derided by Republicans, Businesses
The Obama administration has unveiled a framework for corporate tax reform that lowers rates while eliminating loopholes, but the proposal has already met with sharp criticism from Republicans and corporations for proposing a rate higher than the developed-country average.
An Economics Writer’s Lament: Commentary
An article in The New York Times this week was a perfect caricature of a worldview that looks to government as an almost magical provider of solutions and people as powerless victims of crass corporations.
Tax Hike Needed
We’re conditioned to regard taxation as bad for the economy.
How to Create 6 Million Jobs With a Few Changes: Milken Economist
AdvisorOne spoke with Milken Institute senior economist Armen Bedroussian about risks and opportunities in the U.S. economy and the job market particularly, where he offers some ideas that could create 6 million jobs when they are totaled up.
PIMCO’s Bill Gross: Can More Debt Solve Debt Crisis?
The bond king says stimulus policies are stifling growth; on same day, OECD pleads for structural reform.